Rossari Biotech Ltd

Rossari Biotech Ltd

₹ 768 -0.54%
23 Feb - close price
About

Rossari Biotech was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India. [1]

Their 3 main product categories are [2]:
- Home, personal care, and performance chemicals
- Textile specialty chemical
- Animal health and nutrition

The company has two R&D facilities, one at Silvassa manufacturing facility and a research lab at IIT Bombay. [3]

Key Points

Leading specialty chemical Manufacturer[1] Rossari is a pioneer in the Indian specialty chemical space with over 2 decades of experience, with over 3,500 diversified products serving multiple industries.

  • Market Cap 4,243 Cr.
  • Current Price 768
  • High / Low 904 / 536
  • Stock P/E 43.9
  • Book Value 164
  • Dividend Yield 0.07 %
  • ROCE 11.7 %
  • ROE 8.64 %
  • Face Value 2.00

Pros

Cons

  • Company has a low return on equity of 12.9% over last 3 years.
  • Dividend payout has been low at 3.54% of profits over last 3 years
  • Debtor days have increased from 75.1 to 91.3 days.
  • Promoter holding has decreased over last 3 years: -4.36%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
206 201 204 339 269 262 234 241 237 264 258 332 299
173 166 174 300 243 234 207 213 205 228 223 290 258
Operating Profit 32 35 30 38 26 27 27 28 32 36 35 42 41
OPM % 16% 18% 15% 11% 10% 10% 12% 12% 13% 14% 14% 13% 14%
1 2 3 3 6 2 1 0 0 2 1 2 2
Interest 0 1 1 1 0 1 1 1 2 1 2 3 3
Depreciation 6 7 6 6 7 7 6 6 7 7 6 6 6
Profit before tax 27 29 27 33 24 22 21 21 24 30 29 36 35
Tax % 24% 27% 26% 27% 25% 22% 26% 26% 26% 23% 26% 26% 27%
21 21 20 24 18 17 15 15 17 23 22 26 26
EPS in Rs 3.97 4.12 3.63 4.43 3.32 3.06 2.79 2.80 3.17 4.20 3.91 4.78 4.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
122 178 233 292 516 600 690 1,073 975 1,153
108 166 209 247 438 495 569 950 853 998
Operating Profit 13 12 24 45 78 105 121 123 123 154
OPM % 11% 7% 10% 15% 15% 18% 18% 11% 13% 13%
0 0 1 1 1 4 10 13 4 8
Interest 3 3 2 1 3 4 3 3 5 8
Depreciation 5 4 4 5 12 17 22 26 26 24
Profit before tax 6 5 19 39 63 88 106 107 96 130
Tax % 11% 29% 17% 27% 28% 26% 25% 26% 25%
5 3 16 29 46 66 79 79 71 97
EPS in Rs 11.59 7.77 35.43 65.73 104.07 12.91 15.23 14.43 12.94 17.51
Dividend Payout % 1% 0% 1% 0% 0% 4% 3% 3% 4%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 18%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 3%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -10%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 13%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 10 10 11 11 11
Reserves 27 41 56 85 116 273 394 774 848 897
38 22 24 22 9 67 0 0 65 90
24 37 37 49 119 118 140 141 202 258
Total Liabilities 93 104 122 160 248 468 544 926 1,126 1,255
43 36 37 44 74 94 171 177 155 152
CWIP 0 8 8 10 3 22 0 1 14 12
Investments 0 0 0 3 0 15 9 381 493 515
50 60 77 103 171 338 364 367 463 576
Total Assets 93 104 122 160 248 468 544 926 1,126 1,255

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 23 2 22 72 56 52 33 114
0 -5 -6 -16 -41 -187 -37 -318 -161
0 -18 3 -6 -26 155 -29 297 61
Net Cash Flow 0 1 -0 -1 5 23 -14 12 14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 70 59 74 75 61 57 73 62 91
Inventory Days 77 70 52 65 59 57 72 48 58
Days Payable 83 79 70 71 114 95 100 51 93
Cash Conversion Cycle 63 50 56 69 6 19 44 58 57
Working Capital Days 78 42 54 66 24 38 61 63 63
ROCE % 27% 42% 55% 38% 29% 18% 12%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.69% 68.70% 68.56% 68.56% 68.56% 68.56% 68.46% 68.44% 68.44% 68.44% 68.35% 68.34%
7.04% 7.82% 8.46% 9.13% 9.03% 8.51% 8.84% 8.63% 7.46% 6.12% 5.74% 4.14%
12.66% 13.60% 12.87% 12.77% 12.29% 13.02% 14.15% 14.08% 15.09% 17.71% 17.68% 18.06%
7.61% 9.88% 10.10% 9.54% 10.12% 9.91% 8.55% 8.85% 9.01% 7.73% 8.23% 9.45%
No. of Shareholders 40,10549,32465,83176,49492,09998,56595,66497,08196,63495,37195,2001,00,423

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls